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that you face at paychecks? >> all the attention on the fiscal cliff and no action is really producing, i think, a dampered view from small business, and they're just kind of waiting on the sidelines right now. what you're seeing in our clients, they're not opening up their second location, they're not hiring more employees. it's fairly quiet. >> yeah, there it is. that's fiscal cliff. he had been building a head of steam. and suddenly he's talking about business building tailing off. washington, washington -- but do you ever hear them -- they talk about the job creators. you have to protect the job creators. they spoke to the president, i thought the president was starting to understand this. but this is about etiology. this isn't about the war between the states that are gop, and the states that are democrat. etiology does not get solved in a back room. it doesn't. it gets solved by the actual citizens saying, i can't pay for dinner. i can't pay for dinner. i've got to stay, and i can't go to brinker, i've got to go get mccormack spice and hamburger helper. that's when it changes. >> th
this looming tax hike. everyone agrees that that action is necessary. >> so now all eyes are focused on the senate for 11:00 this morning when they do reconvene. there were reports there was major progress overnight for something that could pass on the senate side. the question is whether it can pass on the house side under the leadership of speaker john boehner. i've talked to a couple of republicans this morning who are fairly optimistic that whatever comes out of the senate, whatever that deal is, it will pass the house this afternoon. although hard-core republican anti-tax folks are not going to vote for it. it still would likely have enough votes to pass. that's at least the mood of some folks i'm talking to today. guys, one of the big questions that's unresolved here was raised on a conference call with ceos arranged by the white house on friday night, on that white house conference call with ceos. one of the ceos asked tim geithner, i'm told by a participant on the call, whether a small deal would be enough to are prevent ratings agencies to downgrade u.s. debt. i'm told by th
some action today. >> and it was crazy yesterday, watching that market. it was a little bit after we left the set yesterday morning, but watching it in the afternoon, there was information about scott brown, and oh, there is going to be a call to bring congress back in. it was amazing to see the market on that -- >> scott brown bottom, as a lot of people were calling it. you were down more than 51. >> and it is amazing to see how our fortunes are being tied the at this point to what is going on in d.c. and every minor tweet or post or headline or what not, at the end of the day, it was four straight losing sessions for the dow, nasdaq, as well as the s&p 500. certainly something we have to watch. in the meantime, the clock is not only ticking for the fiscal cliff, but time is running out to avoid a strike at ports in massachusetts and texas, that could affect containers to and from the u.s. from reaching their destination. talks are taking place in secrecy between the international long shoresman association and the u.s. maritime alliance in an effort to keep 14,000 longshoreman from
.e.c., regulators warning they may bring civil action against the company and the ceo for violating public disclosure rules with a facebook post. back on july 3rd, the ceo posting netflix a monthly viewing exceeded 1 billion hours for the first time ever in june. the s.e.c. requires public companies to make the information public. hastings says he didn't believe the facebook post was material information although that day the stock was up 13%. in a letter yesterday, he also suggested the fact the post was assessable to more than 245,000 subscribers to the page makes it very public. you can choose to disclose information through other venues considered fair that may reach fewer people at the end of the day. >> ain't up to you. it's up to the government. >> rules are rules. >> and these things do need to evolve. there is little doubt about that. i remember when fd was put in. i would have conversations with executives and say you can tell me -- i'm on cnbc -- i will make it public. i'm not going to do anything else with it except incorporate it into a story i was using. it's taken us a long
is the greatest call to action in your view? where should people focus most on their investments? >> i guess if they have a very short-term horizon which i think most clients do between now and year end, we need to focus on something that had an actionable catalyst between now and year end. only two companies that we cover set to report between now and year end would be carnival in cruise space which you highlighted and darden which preannounced today. darden action took place today so the next catalyst is carnival and as you highlighted the setup into carnival earnings is not as good in second and third quarter because there's no sense in pricing and stocks are up over 35% year-to-date. >> it's good to have you on the show. thank you for joining us. >> a pickup in chinese economic data overnight raising hopes that a hard landing might no longer be in the books for china. is the worst finally over for the world's second largest economy? we'll talk to the chief asian and emerging market strategist for jpmorgan next. >>> toll brothers earning topping consensus saying momentum is on the upswing
as possible. moving down that path is the right course of action for us. >> good morning. first of all i'd like to say, that i think all of our hearts and prayers are with the families in newtown, connecticut. as a father, i cannot even imagine the utter horror that those families are going through right now, grieving the loss of their children and their loved ones. as far as the fiscal cliff is concerned, as the speaker has said, we remain committed to trying to minimize the impact on hard-working families and small businesses in this country, as far as tax increases are concerned. we look to find the answer to solve the problem on the spending issue here in washington. the president is not yet there. he has not come to where he needs to be in order for us to push through a bill that really does begin to address the problem. and as the speaker said, that's why we are now discussing an alternative plan, if the president and the white house cannot come our way. thank you. >> as the speaker and the leader said, we've been trying to make sure we do not go off this fiscal cliff. but at the s
the latest action in commodities where there is a huge amount of action. >> oil higher for the third straight day here on continuing hopes that we will get some sort of deal out of washington. also, with that euro stronger, that's certainly boding well, the dollar a bit weaker. we've got bullish numbers out of the american petroleum institute looking ahead to today's inventory numbers coming from the government. drawdown on crude, drawdowns all across the board. that is supported in the energy sector. but do watch today the january contract expires today. there's much more action in the february contracts. we have to watch the curve a little bit. we could see a little bit of volatility. we'll be back at 10:30 with those inventory numbers from the government. back to you guys. >> all right. thanks very much, bertha coombs. we want to talk about sirius satellite radio. the longtime ceo stepping aside. effective immediately. a bit earlier than had been anticipated. this is a company that is more or less controlled by liberty. and will soon be officially controlled by liberty. they are still wait
. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had thi
" begins right now. >>> a government fractured, a market paralyzed, a call to action. as our nation careens to the fiscal cliff. cnbc's challenge to lawmakers to rise above partisan politics, seem compromise and find the solution. the clock is ticking down. the stakes are getting higher. now, we are turning up the pressure. this is a cnbc special report, "mission critical: rise above d.c." >> welcome back to our continuing coverage, mission critical: rise above d.c. we've been here all morning long. while we've been here on capitol hill, we've been talking to lawmakers about rising above gridlock and reaching a real deal on the fiscal cliff. in the last hour we sat down with grover norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements
right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking
the yen. here we have the run-up, even though we don't see the optimism reflected in today's price action. one more stock we want to hit, herbalife, up 3.5%. they hired some interesting advisers. >> yeah. this was out on monday, actually, during our show. a well-known investment bank, a guest on this show not very long ago. certainly very credible name. we'll see what they come up with at the january 10th meeting. that's more important than what the company has to say to combat what has been a fierce campaign by mr. ackman. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard da
toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did no
, not forever, only since it started, and it's just being frustratingly little action. at this point i don't think they have the time to do a full deal and that's why they need to kick some cans. >> you say reaching a grand bar ga -- bargain is a dream and i mate be just that. there's a growing sense that the president in his words has won this round. do you think this is how it shaping up? >> i think so, i think he's got a much stronger bargaining position. he put out an officer that was way off where he knew republicans would be, prepared to come back on it. but that was a sense of the strength that he thought he had in this position. and similarly, you just had that little snippet from tim geithner saying we're prepared to go off the cliff if we need to. they don't want to go off the cliff of course. but they feel they're in a very strong position. >> the impact is frifgtening and you wrote that in the second quarter of 1980 that it was actually in the history of gdp, where the interest rate jumped from 3% to 6.3%. so in 7 1/2 months the damage was done. what do you say to the polity ma
are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option. and senate democrats should take up both of these michiganiers immediately. and the president has a decision to make. he can support these measures and being responsible for reckless spending and the largest tax hike in american history. >> first off, do you think you have the votes to pass it? >> yes, we're going to have the votes to pass both the permanent tax relief bill, as well as the spending reduction account. >> are you worried that by having your members vote on this $1 million cutoff, you are binding them to that and making it more difficult to negotiate with the president? >> our members understand that the nation faces the largest increase in its history come january 1, 2013. this bill is a bill that provides permanent tax relief for taxpayers earning $1 million and under. we protect 99.81% of american taxpayers from a tax increase in these very difficult economic times. we hope that the senate will take this bill up along with the spendi
to that question plus the first trading action of the new month after the opening bell in just a moment. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> you're watching cnbc's "squawk on the street" live from the financial capital of the world. the opening bell set to ring in just under two minutes or so. if you want to play the history game looking at the history of the month of december for the markets, some call it meaningless but it is basically the second best month of the year after april. 23 of the past 28 decembers have been up. average of 1.5%. since '90, up 2%. not an insignificant -- santa claus is for real many times. >> many of us have to commit. we're not allowed to own in
, diane olick's interview with brian n moynihan. middling action here, the dow only up 15 for the week. so we'll see whether today sets the tone over all. >>> live from capitol hill, encouraging lawmakers to rise above gridlock. >> fiscal cliff is a made-up deadline. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >>> welcome back it "squawk on the street." rick santelli here. rising much more than expected, up 1.1%. capacity utilization, also ramped up to 78.4. there were changes to october. and they weren't necessarily good. but they don't diminish the strength of the november. we had october's minus .4 extended down to .7. october's read originally at 77.8. now 77.7. but definitely strength in the current november read. >> thank you very much, rick santelli. talking about a big deal this morning, taking place in the nordic countries.
start to look at fartherer out contracts, to like december 2013, and play the entire year's action, just by being long that one contract. but i would strongly wait until after the beginning of the year, because of the weaker volume, the lack of participants. and i think that the price is really going to shop around. >> nat gas prices taking a step back. what do you see in the immediate future and what is the main catalyst here? the weather seems to be sort of calm. >> yeah. that's the issue with natural gas right now. two parts, one, you've got the weather has been significant factor. it's been abnormally warmer. so that's putting pressure on the market. also, if you look at inventories from a year ago to today, they're about 2% higher. so i think that a 350 to 320 natural gas price is probably right right now. but ultimately, once i think the u.s. starts really strongly considering exporting liquid natural gas, and we start to see consumption expand into other areas, you're going to see natural gas prices start to trend up. but i don't think they'll get much higher than $4. >> phillip,
's price action. bertha coombs at the nymex. bertha? [ no audio ] >> she looks good but we need to hear her, too. >> can't read her lips? mining. yeah. we will fix that. >>> meantime, still ahead, the ceo of kim co- realty ounce 900 retail shopping centers his take on holiday shopping and what is ahead in the new year? looking at early movers on this thursday on wall street, as we head to break. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. aids is going to lose. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside ass
yesterday. a lot of the union workers believed this action was politically motivated, payback if you will for the successes of the democrats in michigan, but the president winning reelection as well. they think this is a death knell of the union in michigan. but the folks who advocated these changes to the workplace rules in michigan believe this gives workers more freedom, the freedoms they really should have to choose whether to join a union. the law will go into effect probably around april 1st or so. it's when the legislature ends its session now scheduled for december 20th. among the folks who lost this particular battle, believe this process should have included a lot more public debate. it was really rushed through the legislature over the past week or so. the house took up votes on these two measures, providing workplace rules for private and public workers to have a choice now, whether they want to join that union. this happened so quickly yesterday, there was no testimony, no committee hearings. they went right to the floor and voted for the measures. i spoke with governor
she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> corporate leaders firing another warning over the fiscal cliff. kenneth frasier staying new price controls on drugs are put into place as part of budget negotiations it could hamper innovation in the pharmaceutical industry, making it more difficult for companies to created me since. frasier tell egg the financial times, the short-term fiscal pressure that the u.s. those contend with people go about fixing it the wrong way could really damage innovation. >> now just 18 days until that series of automatic tax hikes and spending cuts could accept u.s. economy over the fiscal cliff n about an hour's time, house speaker bain letter tell us exactly where the republican party now stands. a new "wall street journal"/nbc poll shows what the public thinks. john har wood is in washington, d.c. with the details on that welcome to the program, john. i would expect that two-thirds of americans might say, the
Search Results 0 to 19 of about 20